ASIC fees and cost changes
On September 30, the Australian Securities and Investments Commission (ASIC) made significant changes to the way super funds must disclose fees and costs to members. These costs are referred to as RG 97.
The requirements are designed to bring greater transparency to fees and costs. They also provide investors with more information about the total cost of investing.
At CSC, we have always believed in transparency when it comes to fees and costs. This belief extends to how we invest.
Our commitment to transparency is also why we publish detailed investment disclosure information online. This means you can make informed decisions about how your super is invested.
We don’t hide fees because we have nothing to hide. Our competitive fees are just another way we help you get the most out of your super.
Net Benefit – A better guide
While fees are one aspect that impacts your retirement benefit, looking at the total Net Benefit (that is, investment performance less fees, costs and taxes) over the long term is a much better indication of how a fund is performing.
Get more information
For more information about the new fees and costs disclosure requirements, go to the ASIC website.
For details about PSS fees and costs, see Costs.
For information about PSS investments, see Investment Disclosure.